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#Fintech

Nigeria Lending Apps Trapping Users Into Huge Debts: Experts

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One of the most thriving and commonly developed fintech apps in Nigeria is the digital lending apps or personal loan apps, making it easier for Nigerians to access disposable income especially when broke and in need of urgent cash, but…

Nigeria Fintech Loan App Declares Defaulters Dead Circulating Fake Obituaries.

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A fintech micro loan company has been accused of falsely declaring defaulters dead, creating and circulating the obituaries of such persons to family and friends. A customer, Azuwuike Chinedu Achiever recently shared his experience with the loan company on social…

Google Reveals First Beneficiary of Investment Fund For Africa Startups

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Following the call for African startup to participate in Google Investment Fund for Africa, it has announced its first investment in SafeBoda, a tech firm that operates in Nigeria and Uganda. According to Punch news report, It said in a…

Good News For Nigeria Tech Community. Start-up Bill Is Ready; Pantami Says

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Nigeria’s Minister of Communication and Digital Economy, Prof Isa Pantami has disclosed that the much awaited Start-ups Bill that will protect Fintech/Start-up businesses in Nigeria is ready and awaiting Executive assent. This was disclosed by Minister, while delivering an address…

Fintech Start-up Fires 900 Workers Via Zoom Call.

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It is been revealed that Better.com CEO Vishal Garg announced the mortgage company is laying off about 9% of its workforce on a Zoom webinar Wednesday abruptly informing the more than 900 employees on the call they were being terminated…

Nigerian Fintech Raises $1.7 Million To Support SME Loan Facility.

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Nigerian digital bank with focus on delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has secured $1.7 million in funding to address the heavily underserved banking needs of local entrepreneurs, traders and fast-growing businesses….

Google To Establish $50 Million Africa Investment Fund for Start-Ups in Africa.

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Google has changed concluded plans to invest up to $50 million in African prospective and growing existing startups through its Africa Investment Fund, boosting contributions to support more businesses on the continent. In a virtual event over the week, CEO…

France To Give €130 Million to 500 Tech Start-ups in Africa.

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President Emmanuel Macron announced today at the New Africa-France summit that a renewed financial commitment of €130m for the next three years and express Digital Africa’s new ambitions to support entrepreneurship and technological innovation on the continent. Present in Montpellier,…

Fintechs in Nigeria Receive $500 Million in 5 Years.

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Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele stated that Nigeria financial technology (fintech) firms attracted an investment of $500million between 2015 and 2020 due to improvement necessitated in the ecosystem by CBN. The Central Bank of Nigeria…

Fintech Helps Churches In Kenya To Receive Donations & Offerings.

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A Kenya-based fintech startup that helps churches and non-profit organisations receive donations through multiple payment channels, has secured an undisclosed amount of seed funding for product development and team expansion.  The investment in Jumuisha came from SprintX, a venture studio for early-stage…